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2015-09-23

Neste Oyj: Neste Jacobs chosen to implement Neste's Naantali Refinery reconfiguration project in Finland

Neste Jacobs Oy

Press release
23rdSeptember, 2015

Neste Jacobs chosen to implement Neste's Naantali Refinery reconfiguration
project in Finland

Technology, engineering and project management company Neste Jacobs will
perform EPCM (Engineering, Procurement, Construction Management) services for
Neste's EUR 60 million investment in Naantali to improve the competitiveness
of the refining operations. Neste Jacobs has earlier performed Basic
Engineering for the project.

The investments are connected to the program announced in October 2014 with
which Neste will develop the refineries in Porvoo and Naantali as one unit to
improve the competitiveness of its refinery operations.
With these investment decisions, Neste will simplify the refinery structure in
Naantali and improve the process efficiency, which will lower the production
costs and increase feedstock supply to Porvoo Refinery.
Together with the investment program implemented in Porvoo, the share of heavy
fuel oils in Neste's production will decline and the share of diesel will
increase.

The project of combining the operations of the two refineries has proceeded as
planned, and the new operating model will be in full operation by mid-2017.

"We realize the importance of this investment both for Neste and the industry
and are very happy to be a part of this interesting and complex assignment",
saysJarmo Suominen,
CEO of Neste Jacobs. "Being a substantial contributor in Neste One Refinery
programme strengthens our position as a preferred solution provider for
hydrocarbon industries very well."

"We are convinced of Neste Jacobs' capabilities to carry out this project and
wanted a partner we can fully trust", saysMatti Lehmus,
Executive Vice President, Oil Products of Neste. "This is strategic investment
for us and Neste Jacobs has once again proved that they are the right
solution provider for us."

For more information, please contact:

Jarmo Suominen, CEO, Neste Jacobs Oy, tel +358 50 458 3399

Matti Lehmus, Executive Vice President, Oil Products, Neste Oyj, tel +358 50
458 4072

Neste Jacobs
is a preferred solution provider of high-quality technology, engineering and
project services for a wide range of industries in the fields of oil and gas,
petrochemicals, chemicals, biorefining, biochemicals, biopharma and
industrial infrastructure. We have 60 years of experience in technology
development and industrial investment projects as well as maintenance and
performance improvement in Europe, North and South America, Asia and the
Middle East. In addition to our home market Nordic countries we are looking
to grow in the global expanding markets. We employ 1300 professionals
globally.www.nestejacobs.com

Neste
is a pioneer in oil refining and renewable solutions. We provide our customers
with premium-quality products for cleaner traffic and industrial products
based on world-class research. Our sustainable operations have received
recognition in the Dow Jones Sustainability World Index and the Global 100
list of the world's most sustainable companies, among others. Our net sales
for 2014 amounted to approximately EUR 15 billion, and our shares are listed
on NASDAQ Helsinki. Cleaner traffic, energy and life are moved forward by
about 5,000 professionals.neste.com/fi

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This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Neste Oyj via Globenewswire

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